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1. oilprice.com › Latest-Energy-News › World-NewsAverage Oil Price In 2021 Was The Highest In Past Three Years

   oilprice.com › Latest-Energy-News › World-News

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   Jan 5, 2022 · A faster increase in global oil demand than growth in supply led to oil prices jumping last year, with the average Brent Crude price at $71 per barrel—the highest of the past three years, the...

2. tradingeconomics.com › commodity › crude-oilCrude Oil - Price - Chart - Historical Data - News

   tradingeconomics.com › commodity › crude-oil

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   Crude Oil increased 12.50 USD/BBL or 17.44% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on July of 2024.

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4. www.iea.org › reports › oil-market-report-october-2021Oil Market Report - October 2021 – Analysis - IEA

   www.iea.org › reports › oil-market-report-october-2021

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   Oct 14, 2021 · All in all, world oil demand is forecast to rise by 5.5 mb/d, to 96.3 mb/d in 2021 and 3.3 mb/d in 2022, when it is set to reach pre-Covid levels. World oil supply, meanwhile, is projected to rise sharply in October as US output bounces back from Hurricane Ida and OPEC+ continues to unwind cuts.

5. knoema.com › infographics › yxptpabCrude Oil Price Forecast: 2021, 2022 and Long Term to 2050

   knoema.com › infographics › yxptpab

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   Mar 13, 2022 · (13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA).

   • Author: Alex Kulikov

6. www.iea.org › reports › oil-2021Oil 2021 – Analysis - IEA - International Energy Agency

   www.iea.org › reports › oil-2021

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   Mar 17, 2021 · Oil 2021 tackles these questions by analysing oil market data, trends in investment and government policies. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead.

7. www.eia.gov › todayinenergy › detailCrude oil prices increased in 2021 as global crude oil demand ...

   www.eia.gov › todayinenergy › detail

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   Jan 4, 2022 · Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in ...

8. People also ask

   How much will crude oil cost in 2021?

   • (13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA). This represents a rebound from the 2020 average of $41.69 per barrel, but it is still lower than pre-COVID levels.

   Crude Oil Price Forecast: 2021, 2022 and Long Term to 2050

   knoema.com/infographics/yxptpab/crude-oil-price-forecast-2021-2022-and-long-term-to-2050

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   How much will Brent crude oil cost in 2021?

   • WTI Crude Oil Price Forecasts from Different Sources (13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA).

   Crude Oil Price Forecast: 2021, 2022 and Long Term to 2050

   knoema.com/infographics/yxptpab/crude-oil-price-forecast-2021-2022-and-long-term-to-2050

   See all results for this question

   Why did crude oil prices increase in 2021?

   • Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply.

   Crude oil prices increased in 2021 as global crude oil demand outpaced

   www.eia.gov/todayinenergy/detail.php?id=50738

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   Why are oil prices so low in 2021?

   • Rising vaccination rates, reopening economies, and the lifting of mass lockdowns resulted in oil demand outpacing supply last year, pushing oil prices from as low as $50 a barrel at the start of 2021 to an annual high of $86 at the end of October, the EIA notes. Brent Crude prices have retreated since late October, to end 2021 at $78 a barrel.

   Average Oil Price In 2021 Was The Highest In Past Three Years

   oilprice.com/Latest-Energy-News/World-News/Average-Oil-Price-In-2021-Was-The-Highest-In-Past-Three-Years.html

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9. www.spglobal.com › commodityinsights › enGlobal Crude Oil Markets Outlook 2021 | S&P Global

   www.spglobal.com › commodityinsights › en

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   Our crude oil price outlook is largely unchanged from last month’s outlook. Our projection for Dated Brent in second half 2021 is to average $70.75/bbl and for WTI to average $67.90/bbl. For 2022, our Dated Brent and WTI projections are $66/bbl and $63/bbl, respectively.